Here's Your Fortune: GameStop Soars, AI Gets Real, Launch Your Side Hustle & Binge-watch Time

Tomorrow’s Fortune

Welcome to the action-packed newsletter designed to help you navigate the world of business, investing, and technology. You owe it to yourself to stay informed! If you missed last week’s post, check it out here. 😎 

Today’s post is 2,195 words (~4 minutes). Don’t be lazy… let’s get rich!

Cool Fact: Amazon Alexa threw a rager and forgot to invite the humans! One man's night out turned into a locksmith bill after his Alexa decided to DJ a surprise party. Looks like this AI learned how to drop the beat, but not how to keep the volume down. Maybe next time, she'll stick to playing "Alexa, tell me a joke" instead of blasting techno at 2 AM.

Today’s Digest:

1. Binge-Watch Time! 🍿 Hit play on our newest videos and discover hidden gems you might have missed.

2. The Meme Stock King is Back: Roaring Kitty Reignites GameStop Frenzy. Find out what Roaring Kitty has in store for GameStop investors.

3. Britney Muller's Hilarious and Eye-Opening MozCon Talk: Learn how to harness AI's strengths and avoid its pitfalls.

4. Clickbait, but Make it Art: Find out how you can turn your passion for art into a profitable side hustle.

Kenny Finance on YT

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TOP STORY

Roaring Kitty Unleashes the Beast: GameStop Stock Takes a Wild Ride

Hold onto your hats, folks, because the meme stock madness is back with a vengeance! GameStop, the video game retailer turned Wall Street phenomenon, experienced a jaw-dropping 30% surge in its stock price this week. And who's behind this electrifying rollercoaster? None other than Keith Gill, the internet's beloved "Roaring Kitty," who dropped a bombshell announcement: a live stream on his YouTube channel.

Why Should You Care?

This isn't just another stock market blip. This is a testament to the power of the people, the influence of social media, and the sheer unpredictability of the modern investing landscape. Here's why this is a big deal:

• The Underdogs Bite Back: GameStop's wild ride is a reminder that Wall Street isn't the only game in town. Everyday investors, united online, can challenge the financial titans and shake up the market.

• The Social Media Symphony: Roaring Kitty's influence shows how social media can orchestrate a symphony of market movements. A single tweet or live stream can trigger a tidal wave of buying or selling, turning investing into a real-time spectator sport.

• The Meme Stock Mirage: GameStop's volatility is a cautionary tale about the allure and danger of meme stocks. While the potential for overnight riches is tempting, the risk of financial wipeout is just as real.

• The Future of Finance: This event forces us to rethink the future of investing in a world where online communities and social media trends hold immense power. Are we witnessing the birth of a new era where anyone with a smartphone and an internet connection can shape financial markets?

The Roaring Kitty Phenomenon

Keith Gill, the man behind the meme, is a legend among retail investors. With his massive GameStop holdings and unwavering optimism, he has become a symbol of the "little guy" taking on the establishment. His decision to reemerge and schedule a live stream was like lighting a match in a powder keg, sending GameStop's stock on a gravity-defying ascent.

The Adventure Continues

As GameStop's stock continues its wild fluctuations, one thing is clear: the meme stock saga is far from over. The future is as unpredictable as ever, but this latest episode reminds us that the investing world is undergoing a radical transformation. So buckle up, because this rollercoaster ride has just begun.

BITS OF GOLD

• Are Americans' spending sprees coming to an end?

  • The American consumer's spending party might be winding down as inflation, high interest rates, and dwindling savings take their toll. While a robust job market has kept the economy afloat, signs of a slowdown are emerging, with retail sales fizzling and GDP growth revised downward. From Walmart to Best Buy, retailers are feeling the pinch as shoppers tighten their belts and prioritize necessities over splurges.

• Nvidia's $1,000 Dilemma: Too much success?

  • Nvidia's AI chips are so hot, they're practically on fire! With stock prices soaring past $1,000 and customers clamoring for their cutting-edge technology, the company's biggest headache right now is simply keeping up. While rivals like Amazon and Meta are nipping at their heels, Nvidia's main challenge is ensuring they can deliver enough chips to meet the insatiable demand for their AI gold.

• Glitch offers Berkshire Hathaway at 99% off... for a minute

  • Sorry, bargain hunters! That dream of snagging Berkshire Hathaway stock at a 99% discount was just a glitch in the matrix. A technical snafu at the New York Stock Exchange caused a brief trading frenzy for Berkshire Hathaway and several other stocks on Monday morning. However, the NYSE quickly stepped in to cancel any trades made at the ridiculously low prices, dashing the hopes of anyone who thought they'd stumbled upon the deal of the century.

• Ed Sim is all about turning bold ideas into iconic companies​

  • Ed Sim, the mastermind behind boldstart ventures, is redefining venture capital with his innovative "Inception Investing." This strategy involves partnering with founders before their companies even take shape, guiding them through the initial stages, and setting them up for success with tailor-made investment rounds. Sim's knack for spotting winners has earned him a spot on the Forbes Midas Seed List, thanks to early bets on hits like Snyk and Superhuman.

🏠💸TASTE OF THE FUTURE WITH AI

AI Marketing Playbook

If you thought AI was just about replacing writers with robots, you clearly missed Britney Muller's side-splitting yet insightful talk at MozCon 2024. Muller, the founder of Data Sci 101, didn't hold back on the realities of generative AI in marketing. As she put it, AI "magnifies its training data," which means if Wikipedia is mostly written by dudes, your AI output might have a bit of a bro-bias.

AI: Good at Party Tricks, Bad at Common Sense

Muller broke down the good, the bad, and the hilarious of generative AI. Turns out, AI is amazing at sentiment analysis (figuring out if your customers are happy or throwing a tantrum online), categorizing stuff, and even helping you code faster. But ask it to write something factually accurate or that requires a bit of emotional intelligence? Well, that's where things get... interesting. Muller likened AI's content generation skills to a party trick – impressive, but not always the most useful in the long run.

SEO on Steroids (or So They Say)

Muller did share some exciting potential applications of AI in SEO and marketing. Think automatic titles and meta descriptions that would make even the most seasoned SEO pro jealous, lightning-fast data cleaning, and content idea generation that could outpace even the most caffeinated brainstorm session.

But, she also warned against falling for the AI hype. Remember, AI is a tool, not a magic wand.

Prompt Engineering: Talking to AI Like It's Your Slightly Confused Colleague

Muller gave the audience some priceless tips for "prompt engineering" (aka, how to talk to AI so it doesn't go rogue). The secret sauce? Explain things like you would to a real person, use examples to show the AI what you want (like you would with a toddler), and give it a specific role to play. Want AI to write like Shakespeare? Tell it to be the Bard himself.

People-Centered AI: The Future is Human (With a Little Help From Our Robot Friends)

Muller ended her talk with a dose of reality: AI is here to stay, but it's not about to steal your job (yet). Instead, think of it as a super-powered assistant. It's time to focus on "people-centered AI," finding ways to use AI to support and enhance human creativity, not replace it. So, next time you're tempted to ask AI to write your entire marketing strategy, remember: a little human touch goes a long way.

Key Takeaways:

• Generative AI is predictive, not all-knowing. It's like a supercharged autocomplete, guessing what comes next based on what it's seen before.

• AI's training data is its Achilles' heel. If the data is biased or incomplete, so is your AI.

• The most brilliant AI applications are yet to be discovered. Marketers, it's time to get creative!

• AI won't replace you, but it will change how you work. Get ready to collaborate with your new robot overlords (er, colleagues).

Other Cool AI News!

• Bye-bye RAM sticks, hello AI brain boost

  • Intel's gone Marie Kondo on laptop chips, ditching the RAM sticks for a sleeker, more integrated design. The new Lunar Lake chip promises up to 60% better battery life, 50% more graphics power, and a tripled AI brain for those super-smart features. Plus, it finally ditches the confusing Hyper-Threading. Who needs extra memory when you've got this much brains and brawn?

• The day ChatGPT, Claude, and Perplexity ghosted the internet

  • Talk about a bad case of the Mondays! ChatGPT, Claude, and Perplexity all suffered simultaneous outages, leaving users to wonder if this was a sign of the AI apocalypse or just a collective digital coffee break. Rest assured, the AI takeover has been postponed (for now), but this serves as a reminder of our growing dependence on these digital assistants.

• Forget the metaverse, Zoom's CEO wants to send AI clone to work

  • Zoom's CEO, Eric Yuan, envisions a future where AI avatars attend meetings in our place. This raises concerns about authenticity, manipulation, and the potential for AI to be used for deceit. The idea of replacing human interaction with AI duplicates is seen as a bleak and dystopian future, further widening the gap between consumers and companies.

WHAT ABOUT TODAY’S FORTUNE? SIDE HUSTLE OF THE WEEK 💸

Think You Know Clickbait? Get Paid to Do it Right with YouTube Thumbnail Design

Ever wished your artistic talents could pay the bills? Look no further than the sizzling world of YouTube thumbnail design, where your creative flair can become a cash cow! Think of it like this: you're the visual whisperer, crafting eye-catching thumbnails that practically scream "Click Me!" to curious viewers.

Overview of this Side Hustle: Thumbnails aren't just pretty pictures; they're the bait that lures viewers into a video's irresistible depths. If you've got a knack for design and a sprinkle of marketing magic, this side hustle could be your golden ticket to a fulfilling and profitable creative career. You're the secret weapon behind a video's success, using your design superpowers to boost views and engagement for content creators across the digital universe.

Startup Cost: You can dive right in with minimal investment! Just grab your trusty computer (you probably already have one) and snag some free design software like Canva or GIMP. If you're feeling fancy, paid options like Adobe Photoshop or Illustrator offer even more creative power, typically costing between $10-$50 per month. While not essential, spicing up your designs with snazzy stock images and graphics is always an option, with free sites available or affordable subscriptions like Shutterstock for around $29 a month.

Capital Intensity: Think of it as the ultimate low-maintenance creative outlet that actually pays! All you need here is your brainpower and a sprinkle of artistic flair. Forget about shelling out for expensive inventory or fancy equipment – your most valuable assets are already between your ears. It's a low-risk, high-reward opportunity that lets you unleash your inner Picasso without breaking the bank.

Interesting Growth Opportunities: As the YouTube world explodes with new creators, so does the demand for captivating thumbnails – that's where you come in! You can expand your side hustle by branching out into channel art, social media graphics, or video editing, or even by specializing in a niche you love (like gaming, beauty, or finance). And who knows, you might even snag some high-paying gigs with big-name YouTubers or brands!

Earning Potential: The sky's the limit! Dill Toma started charging $15 per thumbnail and now commands $250 or more per design, raking in a monthly income of $5,000 to $6,000. Your earning potential depends on your skill level, the quality of your work, the clients you target, and your pricing strategy. Remember, understanding viewer psychology and creating designs that drive clicks is key to maximizing your income.

So, if you're ready to unleash your inner design artist and make a splash in the digital world, grab your stylus and let your creativity run wild! It's time to turn your passion for art into a thriving side hustle, one click-worthy thumbnail at a time.

This newsletter is for informational purposes only and does not constitute investment advice. The content is based on publicly available information, and the author makes no representations about its accuracy or completeness. Readers should conduct their own research before making any investment decisions.